The Moscow Stock Exchange allows updating the trading volume record at the end of 2024. The director of International Relations of the organization, Anton Terentyev, spoke about this during the Smart-Lab conference.
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“Four years before this, we updated trading volume records annually. Now we are going at a good pace, there are many possibilities to update the registry for the fifth year,” Interfax quotes Terentyev.
The exchange representative emphasized that the Central Bank’s high interest rate affects the commission business “not in the best way, but not dramatically either.”
On Friday, the Board of Directors of the Central Bank decided to increase the interest rate to 21% per year. Amid the news, the Moscow Stock Exchange index fell 0.7%, below 2,700 points.
At the close of the market, the index fell further, to 2,660 points, 2.3% less than when the market opened on Friday.
At the end of 2021, the total trading volume on the Moscow Stock Exchange for the first time in history exceeded the mark of 1 trillion rubles, which is equivalent to 1.01 trillion rubles. In 2023, the trading volume increased to 1.3 trillion, up 24% from the previous year.
Author:
Akhmed Sadulaev
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
